Thursday, 27 July 2017

“It is obligatory for us to help you achieve your investment goals" Kebbi governor assures WACOT company of support

The people of Kebbi are appreciative of the work of West African Cotton Company Limited (WACOT) in the agriculture sector and will help it succeed, Gov. Atiku Bagudu, has said.
Bagudu made the statement when WACOT officials paid him a courtesy visit in Birnin Kebbi  to intimate him of plans for the official opening of a N10 billion rice mill built by the firm in the state.

The mill is due for inauguration on Tuesday, Aug. 1. The governor said “we will ensure that we get the plant commissioned.” He said the people of Kebbi held the company high, especially as it  was supporting national efforts. “Your plant is a beacon of hope in spite of the economic challenges in the country.
“It is obligatory for us to help you achieve your investment goals as we believe Nigeria is competitive and there are distortions coming from foreign rice importation that will hamper your competitiveness,” Bagudu said.
He said the state would partner the company on rice production as well as in the exploration of other abundant agricultural potentialities in fisheries, soya beans, livestock and sesame production.
Earlier, the Chairman of the company, Alhaji Bashar Aminu, said the firm would employ 1,000 workers at its 400-tonne per day capacity plant.
“We invested N10 billion last year to put up the rice mill as we are a multi-national company.
“We have branches in almost all the West African countries and major marketers, business entities and manufacturers.
“We are in the state solely to answer the call of President Muhammadu Buhari toward food security and reduce rice or food importation,” Aminu said.
He said the company would partner the state government to develop other areas of  the manufacturing sector.

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